Vietnam First Oil Refinery Produces 1.77MT of Products in Jan-May

Vietnam’s first oil refinery Dung Quat produced 1.77 million tons of products in the first five months of this year, the state-owned Vietnam Oil and Gas Group (PetroVietnam) said.

 

The output surpassed 10% of the period target and completed 38% of its full-year plan.

 

The plant, located in the central province of Quang Ngai, distributed 1.71 million tons of the products, including liquefied petroleum gas (LPG), propylene, gasoline A95, gasoline A92, diesel, kerosene and fuel oil, to the domestic market in the January-May period.

 

As of end-May, the refinery had produced a combined 3.2 million tons of products, and sold three million tons of its outcomes to the domestic market since its first operation in Feb.22, 2009.

 

The investor, PetroVietnam, plans to seek partners to equitize the Dung Quat refinery in the next two years when the plant operates stably and is speeding negotiations with partners to raise the plant’s refining capacity to 10 million tons per year from the current designed 6.5 million. (PVN)